Is Franklinville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Franklinville was a Seller's Market.
Key Takeaway
Franklinville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklinville, NY
How much do homes in Franklinville, NY cost?
Median Sold Price
$150,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Franklinville have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Franklinville was $150,000 in March 2024, up 7.6% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $139.9K | $145K | +3.6% |
| 3 Bedrooms | $144.4K | $148.7K | +3.0% |
| 4 Bedrooms | $95K | $179.9K | +89.4% |
| 5+ Bedrooms | $143K | $90K | -37.1% |
Summary: Franklinville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 89.4%, and 5+ bedroom homes decreased by 37.1%.
Housing Supply in Franklinville, NY
How many homes are available in Franklinville, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Franklinville real estate market had 12 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Franklinville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Franklinville in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Franklinville, NY
How long does it take to sell a home in Franklinville, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 27 Days | -31.4% |
Summary: Homes in Franklinville had an average of 27 days on market in Mar 2024, down by 31.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Franklinville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
